Tucker said details on the future plans for the inn property would be disclosed at a later date. He declined further comment.

Sources close to the transaction, who spoke on the condition of anonymity, said the property, on 34 wooded acres at 400 Railroad Ave., was sold by the Ramey Family Partnership, relatives of the late owner Roy Ramey Sr., who started the popular 45-room hotel back in the mid-1970s. A restaurant on the property, Trolley Junction, was closed more than a year ago.

It was not immediately clear if the new owners would reopen the restaurant.